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The Jean Coutu Group Announces Further Extension of its Tender Offer for its 7.625% Unsecured Senior Notes Due 2012

LONGUEUIL, QUEBEC--(CCNMatthews - April 4, 2007) - The Jean Coutu Group (PJC) Inc. ("The Jean Coutu Group" or the "Company") (TSX:PJC.A) announced today that it is further extending its previously announced cash tender offer for any and all of its 7.625% Unsecured Senior Notes due 2012 (the "Notes") and that the new offer expiration date for the cash tender offer will be 8:00 a.m., New York City time, on April 26, 2007, unless the tender offer is further extended or terminated. The tender offer had previously been set to expire at 8:00 a.m., New York City time, on April 5, 2007. Over 99.9% of the outstanding Notes have been tendered to date.

The tender offer and consent solicitation is being made solely on the terms and conditions set forth in the Company's Offer to Purchase and Consent Solicitation Statement dated February 20, 2007 (the "Offer to Purchase") and the related Consent and Letter of Transmittal, as amended hereby and by the Company's March 5, 2007 and March 20, 2007 press releases. The conditions to the Tender Offer include the condition that all conditions to the closing of the stock purchase agreement between the Company and Rite Aid Corporation, dated August 23, 2006, have been satisfied or waived (the "Transaction Condition"). The Tender Offer is being extended as the Transaction Condition has not yet been met.

As previously announced, the Company will announce the Price Determination Date for the tender offer by 5:00 p.m., New York City time on the business day before such date. Such Price Determination Date will be at least one business day before any Early Acceptance Date (as defined in the Offer to Purchase), and will be at least ten business days prior to the new offer expiration dated provided that such offer expiration date may be further postponed in the company's discretion.

The Jean Coutu Group has retained J.P. Morgan Securities Inc. to act as Dealer Manager in connection with the tender offer and consent solicitation. Questions about the tender offer and the consent solicitation may be directed to J.P. Morgan Securities Inc. at (866) 834-4666 (toll free), or to Global Bondholder Services Corporation, the information agent for the tender offer and consent solicitation, at (866) 540-1500 (toll free). Copies of the Offer to Purchase and other related documents may be obtained from the information agent.

Under no circumstances shat this press release constitute an offer to buy or the solicitation of an offer to sell the Notes or any other securities of The Jean Coutu Group. It also is not a solicitation of consents to the proposed amendments to the indenture relating to the Notes. No recommendation is made as to whether holders of the Notes should tender their Notes or give their consents.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to historical or current facts, and you can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," "projects" or "anticipates" or similar expressions that concern our strategy, plans or intentions. These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those expected. While the Company believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect the Company's actual results. The Company undertakes no obligation to update any forward-looking statements contained in this press release.

About The Jean Coutu Group

The Jean Coutu Group (PJC) Inc. is the fourth largest drugstore chain in North America and the second largest in both the eastern United States and Canada. The company and its combined network of 2,185 corporate and franchised drugstores (under the banners of Brooks and Eckerd Pharmacy, PJC Jean Coutu, PJC Clinique and PJC Sante Beaute) employ more than 61,000 people.The Jean Coutu Group's United States operations employ 46,000 people and comprise 1,859 corporate owned stores located in 18 states of the Northeastern, mid-Atlantic and Southeastern United States. The Jean Coutu Group's Canadian operations and franchised drugstores in its network employ over 15,000 people and comprise 326 PJC Jean Coutu franchised stores in Quebec, New Brunswick and Ontario.